New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation. It seeks to invest in United States. It typically invests between $10 million and $50 million. Within middle market it seeks to invest in companies having EBITDA between $20 million and $200 million. It prefers to invest in equity interests, such as preferred stock, common stock, warrants, or options received in connection with its debt investments and directly in the equity of private companies. The fund makes investments through both primary originations and open-market secondary purchases. It invests primarily in debt securities that are rated below investment grade and have contractual unlevered returns of 10% to 15%. The firm may also invest in distressed debt and related opportunities and prefers to invest in targets having private equity sponsorship. It seeks to hold its investments between five years and ten years. The fund prefer to have majority stake in companies.

Outperform Votes

Underperform Votes

Community Sentiment

New Mountain Finance has received 60.68% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about New Mountain Finance and other stocks. Vote “Outperform” if you believe NMFC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NMFC will underperform the S&P 500 over the long term. You may vote once every thirty days.

Based on EPS estimates, New Mountain Finance will have a dividend payout ratio of 115.25 % in the coming year. This indicates that New Mountain Finance may not be able to sustain their current dividend.

4.0 Company Ownership

In the past three months, New Mountain Finance insiders have bought more of their company's stock than they have sold. Specifically, they have bought $5,920,285.00 in company stock and sold $0.00 in company stock.

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New Mountain Finance (NYSE:NMFC) Frequently Asked Questions

How has New Mountain Finance's stock been impacted by COVID-19 (Coronavirus)?

New Mountain Finance's stock was trading at $11.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NMFC shares have decreased by 11.1% and is now trading at $10.07. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Mountain Finance in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for New Mountain Finance.

When is New Mountain Finance's next earnings date?

How were New Mountain Finance's earnings last quarter?

New Mountain Finance Corp. (NYSE:NMFC) posted its quarterly earnings data on Wednesday, May, 6th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The investment management company earned $74.08 million during the quarter, compared to the consensus estimate of $77.71 million. New Mountain Finance had a negative net margin of 36.21% and a positive return on equity of 10.70%. View New Mountain Finance's earnings history.

How often does New Mountain Finance pay dividends? What is the dividend yield for New Mountain Finance?

New Mountain Finance declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.30 per share on Tuesday, June 30th. This represents a $1.20 annualized dividend and a yield of 11.92%. The ex-dividend date of this dividend is Monday, June 15th. View New Mountain Finance's dividend history.

What price target have analysts set for NMFC?

5 equities research analysts have issued 12-month target prices for New Mountain Finance's shares. Their forecasts range from $9.00 to $14.75. On average, they expect New Mountain Finance's stock price to reach $12.31 in the next twelve months. This suggests a possible upside of 22.3% from the stock's current price. View analysts' price targets for New Mountain Finance.

Has New Mountain Finance been receiving favorable news coverage?

News coverage about NMFC stock has trended somewhat negative recently, according to InfoTrie. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. New Mountain Finance earned a news sentiment score of -1.1 on InfoTrie's scale. They also gave news coverage about the investment management company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutNew Mountain Finance.

How do I buy shares of New Mountain Finance?

Shares of NMFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is New Mountain Finance's stock price today?

One share of NMFC stock can currently be purchased for approximately $10.07.

How big of a company is New Mountain Finance?

New Mountain Finance has a market capitalization of $975.08 million and generates $276.51 million in revenue each year. The investment management company earns $112.56 million in net income (profit) each year or $1.27 on an earnings per share basis.

What is New Mountain Finance's official website?

How can I contact New Mountain Finance?

New Mountain Finance's mailing address is 787 Seventh Avenue 48th Floor, New York NY, 10019. The investment management company can be reached via phone at 212-720-0300 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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